As Afghanistan slashes coal prices again, can cement and power companies profit?Â
Royalties slashed by Rs 1,060 per ton, and customs duties slashed by Rs 4,400 per tonÂ
Facing continued losses, provincialisation of DISCOs issue to go to caretaker cabinet
The companies have suffered Aggregate Technical & Commercial Losses of more than Rs292bnÂ
Supernet Technologies born after SuperInfra’s acquisition of Hallmark
New entity to allow Supernet to shift to the main PSX board after its subsidiary acquired 81.4% of Hallmark
Circular debt is at Rs 2.31 trillion. What does it mean?
Figure represents an increase from the end of FY 2022, but a contraction from April 2023
Karachiites may face above Rs24.5bn burden of additional power surcharge
ISLAMABAD: Karachiites should get ready to bear a heavy jolt in the form of ‘additional surcharge’ of Rs 1.52 per unit as...
Hascol posts Rs 14.49bn in losses for 2022
The losses have ended the momentum the company built in 2021 when it reduced its losses to 1/3rd of the preceding year. Â
Oil Dips Amidst Concerns About China’s Faltering Economic Recovery
HOUSTON: Oil prices dipped on Monday as concerns about China’s faltering economic recovery and a stronger dollar took the momentum out of...
Pakistan suspends Russian crude oil imports. What happens next?Â
Russian crude oil imports on hold as 'long-term' agreement on 'special discount' awaited: sourcesÂ
Oil prices could rise further this year, but 2024 demand to slow sharply: IEA
OPEC+ supply cuts could erode oil inventories in the rest of this year, potentially driving prices even higher, before economic headwinds limit...
Iran rejected force majeure notice for the Iran-Pakistan Gas Pipeline, has granted ten year extension instead: Musadik Malik
ISLAMABAD: Iran has refused to accept Pakistan's force majeure notice to halt construction of the multibillion-dollar Iran-Pakistan (IP) gas pipeline project and...
Yet another power hike as NEPRA notifies FCA for June
Consumers of DISCOs and KE to pay Rs 1.81 and Rs 2.31 more per unit, respectively
Gross Refining Margins fell to lowest level in the last quarter of FY23
ISLAMABAD: In a troubling development, gross refining margins (GRMs) for local crude refiners fell significantly, falling to an average of US$4 per...
Over 6,000 marble factories in KP face closure amid surging electricity prices
In a bid to avert potential industrial closures, the government has introduced a special package to alleviate electricity costs for industries in KP,
Steel sector reels under strain of record high energy prices
ISLAMABAD: Large steel producers in Pakistan have issued a dire warning as electricity and petrol prices continue to skyrocket, pushing the steel...
Cabinet approves transfer of NEECA from Science and Technology to Power Division
ISLAMABAD: The Federal Cabinet has approved the transfer of the National Energy Efficiency and Conservation Authority (NEECA) from the Science and Technology...